Florida Gov. Charlie Crist has vetoed a measure that would havepermitted some insurers to charge unregulated property rates,stating that it would allow them to essentially "redline" areas ofthe state.
The governor said that HB 1171, the "Consumer Choice"bill–permitting unregulated rates for carriers that have a surplusof at least $200 million and a ratio of net written premium tosurplus of no more than two-to-one–would hurt emerging Floridadomestic companies.
His decision angered insurance industry interests, but drewpraise from a consumer group.
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